AeroVironment secures contract with Defense Innovation Unit

AeroVironment (AVAV) has secured a contract with the Defense Innovation Unit to accelerate the deployment of next-generation autonomous precision munitions. As part of its strategic expansion into a new sector of the multi-billion-dollar defense market, AV has been awarded an Other Transaction Authority award by the Defense Innovation Unit as part of Project Artemis, an initiative launched to rapidly test and operationally evaluate long-range, one-way uncrewed aircraft systems for the Department of Defense. This strategic effort, sponsored by the Under Secretary of Defense for Acquisition and Sustainment, is driven by urgent congressional direction to accelerate the deployment of innovative precision-strike platforms in contested environments.